[PDF] Top 20 Composition of the board and firm value of brazilian public companies

... üNível de governança corporativa (Ngov): essa variável dummy computa 1 para cada empresa que está listada em um dos níveis de melhores práticas de governança corporativa da BOVESPA e 0[r] ... See full document

... Regarding the limitations of the present study, the first one could be the period of the Tabular Plan data used in the analysis (up to ...that the absence ... See full document

... database and from the Brazilian Institute of Social and Economic Analyses (IBASE) website, relative to public companies that have published their Social Balance Statements  ... See full document

... better-governed, and lower ownership concentration companies have less homogeneous and passive boards, but pay more to their senior managers and ...These companies probably need ... See full document

... Helland and Sykuta (2004) studied the various roles that political directors may perform on the board of directors, by examining the composition of the ... See full document

... concerns the company’s value in relation to the way it is ...innovations, and theoretical perspectives on indebtedness of organizations have emerged in opposition to the pioneer ... See full document

... logarithm of the market value available in Economática ® ...with the Payout Index as a proxy. In the proposed econometric model, two control variables were identified as significant in ... See full document

... Claessens and Fan (2002) and Gillan and Starks (2003) show that investors are willing to pay a premium for the stock of companies that have a more active and independent ... See full document

... set of firms in the sample was obtained from those who were active in the year 2013 on the list of the Brazilian Stock Exchange (hereafter, ...information and with ... See full document

... Diversifying the board is supposed to offer such benefits as more effective decision making, better use of the talent pool and enhancement of corporate reputation with ... See full document

... demographically and cognitively, involves males and females from all walks of life and levels of ...education. The workforce for any company is derived from the general ... See full document

... In the financial decision making, the first thing to do is to find the optimal source of funding, whether from their own capital or from ...Selection of the composition ... See full document

... from the sum of the relational resources present in three types of relationship: direct, indirect and ...at the social capital of the direct relationships, we first ... See full document

... i.e. the expected future dividend payments, is a financial asset and as such the Fama-French factors should be able to explain a portion of its ...variation. The common-preferred ... See full document

... use the market-to- book value ...to the book value are presumed to hold a strong growth potential (Alves et ...However, the view about the implications of future growth on ... See full document

... aspect of the board composition not covered so far is the controversial matter of board diversity, and in particular, the percentage of female ... See full document

... Bebchuck and Fried (2003) discuss and split the agency problems and executive compensations link into two views: the optimal contracting approach, and the managerial power ... See full document

... foreshadowing of performance and the company valuation factor. The control effect, discipline and shareholder oversight (via non-executive director), together with the ... See full document

... a Public Administration ou Public Administration Review, trazendo, no contexto brasileiro, os principais temas e debates de interesse da comunidade acadêmica e prática de Administração ... See full document

... studies the effect of the migration of 22 companies to Bovespa levels I and II, by analyzing the impact of this migration on the price, volumes and ... See full document